someone cannot buy the same item if the price rises while tbeir income stays the same

19.

the power that a good or service has to satisfy a want

20.

distribution of goods and services based on something other than price

21.

when the supply is greater than the demand

Down

1.

downward sloping line that showes in graph form the quantities demanded at each price

2.

economic rule stating that if two items satisfy the same need and the price of one rises people will buy the other

3.

upward sloping line that graphs quantities supplied

4.

price at which the amount producers are willing to supply

5.

illegal market in which goods are traded

6.

how people in the market place decide what to buy and at what price

8.

how consumers respond to a given change in price

10.

table showing quantities supplied at different possible prices

11.

economic rule stating that the quantity demanded and what price move in opposite ways

13.

ecomic rule that price and quantity move together

14.

legal minimum price allowed which a good or service can be sold

15.

if price changes and it doeant change the demand

16.

represents the freely chosen actions between buyers and sellers of goods and services

17.

when the demand is greater than the supply

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